This pack includes 5 essay plans of L5 quality that are relevant to current contextual factors, and also confront more classic essay style topics such as monopoly and welfare. The first page of this document gives a detailed guide to HOW market failure questions should be answered, by following this guide the examiner can see clear chains of reasoning and a developed approach to the question.
The essay plans are:
“Discuss the impacts on the UK economy of an increase in the national living wage” 25 marks
“The rise of the gig economy is beneficial to businesses, workers and the UK economy as a whole” Discuss.
“Evaluate/ Discuss the impacts of the minimum price for alcohol imposed by the Scottish Government” 25 marks
“Evaluate/ Discuss the effectiveness of raising indirect taxation to solve the market failure caused by cigarette consumption”
“Discuss whether a market dominated by one firm is beneficial for an economy”
These have been developed by an A* economics student with experience in tutoring, compiling much of the content of several prescribed textbooks.
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